Tenex Capital Management Invests in Rose Paving

Rose Paving Acquires Paving Associates, LLC

January 28, 2025

Construction

Rose Paving, a Chicago-area pavement services provider backed by Tenex Capital Management, has acquired Paving Associates, a pavement maintenance contractor serving the greater New York metropolitan area. The acquisition expands Rose Paving’s Atlantic Coast footprint and brings Paving Associates’ team into Rose’s national service network.

Rose Paving Acquires Unitex Asphalt Services

January 27, 2025

Construction

Bridgeview-based Rose Paving has acquired Unitex Asphalt Services, a commercial asphalt and exterior construction contractor headquartered in Downingtown, Pennsylvania. The deal expands Rose Paving's footprint into the Philadelphia Tri-State market and follows Rose Paving's recent merger with Atlantic Southern Paving, supporting the company's broader nationwide growth initiative.

Rose Paving Merges with Atlantic Southern Paving

December 5, 2024

Construction

Rose Paving has merged with Atlantic Southern Paving to create one of the largest self-performing paving companies in the United States, combining complementary geographic footprints and creating a nationwide network. The combined business — supported by existing investors Tenex Capital Management (Rose) and Harbor Beach Capital (ASP) — will operate over 1,000 employees across 34 offices to expand scale and service capabilities.

Rose Paving Acquires Northern Virginia and Maryland Paving and Concrete (NVM)

April 21, 2023

Construction

Rose Paving, a Chicago-area pavement services provider backed by Tenex Capital Management, has acquired Northern Virginia and Maryland Paving and Concrete (NVM), a multi-state pavement maintenance company headquartered in Fairfax, Virginia. The deal expands Rose Paving’s Mid-Atlantic and Southeast footprint; NVM’s management team will remain in place following the transaction.

Tenex Capital Management Invests in Big Bolt LLC

August 9, 2019

Manufacturing

Tenex Capital Management closed an investment in Big Bolt LLC, an ISO‑certified specialty fastener manufacturer headquartered in Bloomingdale, Illinois. Tenex said it will partner with Big Bolt's management to expand the company's operations, brand and market opportunities across aerospace, transportation, construction and other industrial end markets.

Tenex Capital Management Invests in Black Diamond Networks

December 9, 2021

Staffing & HR

Tenex Capital Management completed an investment in Black Diamond Networks, a specialized professional staffing firm focused on life sciences and engineering/technology talent. Northstar Capital provided junior capital (debt and an equity co-investment) to help finance the transaction, which was effective November 30, 2021.